Paychex Takes 60,000 SF for Regional HQ

NORTH READING, MA-An 88,000-sf office building situated here just off Interstate 93 has secured a tenant to take nearly 60,000 sf of vacant space, as Paychex Inc. has committed to 100 RiverPark Dr. The Rochester, NY-based payroll services firm is relocating its regional operations from the Metro North Corporate Center in nearby Woburn.

“That deal did close,” one source tells GlobeSt.com of the seven-year lease, that leaves just a 3,000-sf sliver still available in the building, which is owned by Columbia Construction Co. The veteran contractor also occupies roughly 25,000 sf in the nine-year-old property, part of a multi-building business complex at the Concord St. exit of Interstate 93. CB Richard Ellis is exclusive leasing agent for 100 Riverpark Dr., with principals Mark Reardon and Jason Levendusky said to have negotiated the Paychex lease on behalf of the landlord. Calls to CBRE to discuss the pact were not returned by press deadline.